LUTON, England, May 31, 2011 /PRNewswire/ -- Elster (NYSE: ELT) announced today that Wessex Water, Bristol Water and Sembcorp Bournemouth Water have selected Elster to supply up to 150,000 volumetric polymer water meters over the next three years. (Logo: http://photos.prnewswire.com/prnh/20110126/SF35872LOGO-a ) The V210 volumetric polymer meter offers long-life and high accuracy over a wide operating range. With its polymer body, the V210 meter has approximately one-third the carbon footprint of its brass body counterparts. The product forms an integral part of Elster's advanced metering system and has been approved to the latest European Directive (2004/22/EC) and associated European and international standards. The V210 polymer meter is the first water meter to achieve compliance with the UK Water Industry Specification 4-32-19 making it suitable for all installations, including land which may be contaminated or at risk of future contamination. Elster received a Product Innovation Award for the V210 volumetric polymer water meter as part of the European Utility Awards. This prestigious award, announced during the 2010 Metering Europe conference, confirms Elster's leadership in polymer meter technology. "Wessex Water, Bristol Water and Sembcorp Bournemouth Water have awarded the contract for domestic and small commercial water meters to Elster after they achieved the highest score against our evaluation criteria. We look forward to the imminent installation of these innovative polymer meters from Elster," said Lee Tanner, procurement contracts manager for Bristol Water. "The innovative V210 volumetric polymer meter with high accuracy and long-life represents the latest technology in water meters," commented Tim Gabriel, senior vice president operations of Elster's global water business. About Elster Elster (NYSE: ELT) is one of the world's largest electricity, gas and water measurement and control providers. Its offerings include distribution monitoring and control, advanced smart metering, demand response, networking and software solutions, and numerous related communications and services -- key components for enabling consumer choice, operational efficiency and conservation. Its products and solutions are widely used by utilities in the traditional and emerging Smart Grid markets.
Shares of Elster Group SE (NYSE:ELT) were gapping up Monday morning with an open price 17.9% higher than Friday's closing price. The stock closed at $16.40 yesterday and opened today's trading at $19.33.